Brokerages Set Moelis & Company (NYSE:MC) PT at $66.50

Moelis & Company (NYSE:MC) has been given an average rating of “Hold” by the seven research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $70.83.

A number of research analysts have recently issued reports on MC shares. Wells Fargo & Company boosted their target price on Moelis & Company from $70.00 to $78.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Keefe, Bruyette & Woods raised shares of Moelis & Company from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $71.00 to $86.00 in a research note on Friday. UBS Group upped their price objective on shares of Moelis & Company from $54.00 to $60.00 and gave the stock a “sell” rating in a research report on Tuesday, October 8th. Finally, Morgan Stanley raised shares of Moelis & Company from an “underweight” rating to an “overweight” rating and lifted their target price for the company from $66.00 to $92.00 in a report on Monday, December 9th.

Moelis & Company Stock Performance

Shares of Moelis & Company stock opened at $73.81 on Thursday. The company has a market capitalization of $5.53 billion, a P/E ratio of 139.26 and a beta of 1.37. Moelis & Company has a 1 year low of $46.24 and a 1 year high of $81.60. The company’s fifty day moving average is $73.07 and its two-hundred day moving average is $66.29.

Moelis & Company (NYSE:MC) last released its quarterly earnings results on Wednesday, October 23rd. The asset manager reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. The firm had revenue of $273.76 million for the quarter, compared to analyst estimates of $273.58 million. Moelis & Company had a return on equity of 12.15% and a net margin of 4.22%. The business’s revenue was up .6% on a year-over-year basis. During the same quarter last year, the company posted ($0.15) earnings per share. As a group, equities analysts expect that Moelis & Company will post 0.96 earnings per share for the current year.

Moelis & Company Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 4th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend was Monday, November 4th. Moelis & Company’s dividend payout ratio (DPR) is currently 452.83%.

Institutional Trading of Moelis & Company

Several large investors have recently bought and sold shares of MC. Reston Wealth Management LLC purchased a new stake in Moelis & Company during the third quarter valued at about $26,000. UMB Bank n.a. grew its position in Moelis & Company by 63.5% in the second quarter. UMB Bank n.a. now owns 497 shares of the asset manager’s stock valued at $28,000 after acquiring an additional 193 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Moelis & Company by 115.8% during the third quarter. GAMMA Investing LLC now owns 995 shares of the asset manager’s stock valued at $68,000 after purchasing an additional 534 shares during the period. Blue Trust Inc. lifted its position in shares of Moelis & Company by 193.0% during the third quarter. Blue Trust Inc. now owns 1,081 shares of the asset manager’s stock worth $74,000 after purchasing an additional 712 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Moelis & Company in the third quarter valued at $75,000. Institutional investors and hedge funds own 91.53% of the company’s stock.

About Moelis & Company

Moelis & Company operates as an investment banking advisory firm. It offers advisory services in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters, as well as strategic, capital structure, and private funds advisory.